Strs Ohio Has $199,000 Holdings in SP Plus Co. (NASDAQ:SP)

Strs Ohio cut its stake in shares of SP Plus Co. (NASDAQ:SP) by 77.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,900 shares of the business services provider’s stock after selling 13,100 shares during the period. Strs Ohio’s holdings in SP Plus were worth $199,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC grew its stake in shares of SP Plus by 3,883.2% in the fourth quarter. International Assets Investment Management LLC now owns 30,750 shares of the business services provider’s stock worth $1,576,000 after purchasing an additional 29,978 shares during the last quarter. LSV Asset Management grew its stake in shares of SP Plus by 31.8% in the third quarter. LSV Asset Management now owns 238,971 shares of the business services provider’s stock worth $8,627,000 after purchasing an additional 57,593 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of SP Plus by 510.4% in the third quarter. Assenagon Asset Management S.A. now owns 72,265 shares of the business services provider’s stock worth $2,609,000 after purchasing an additional 60,427 shares during the last quarter. Citigroup Inc. grew its stake in shares of SP Plus by 12.1% in the third quarter. Citigroup Inc. now owns 11,437 shares of the business services provider’s stock worth $413,000 after purchasing an additional 1,238 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of SP Plus in the third quarter worth $205,000. 93.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SP. TheStreet cut shares of SP Plus from a “b” rating to a “c+” rating in a research note on Tuesday, February 27th. StockNews.com initiated coverage on shares of SP Plus in a research report on Tuesday. They set a “hold” rating on the stock.

SP Plus Stock Performance

Shares of SP opened at $51.06 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $1.01 billion, a P/E ratio of 32.73 and a beta of 1.22. The firm’s fifty day simple moving average is $51.61 and its two-hundred day simple moving average is $51.28. SP Plus Co. has a 12 month low of $33.10 and a 12 month high of $52.56.

SP Plus (NASDAQ:SP) last issued its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.25). The firm had revenue of $217.20 million for the quarter, compared to the consensus estimate of $235.44 million. SP Plus had a net margin of 1.74% and a return on equity of 22.49%. As a group, analysts predict that SP Plus Co. will post 3.42 EPS for the current year.

SP Plus Company Profile

SP Plus Corporation provides mobility solutions, parking services, parking management, ground transportation, baggage handling, and other ancillary services. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shuttle bus vehicles and drivers; baggage services, including delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; and on-street parking meter collection and other forms of parking enforcement services.